CIC Vesting Date definition

CIC Vesting Date means the earliest of (a) December 31, 2006, (b) the vesting date specified in the purchase agreement memorializing the transaction that will constitute a Change in Control and approved by the Board, or (c) the Executive's termination of employment, upon or within twenty-four (24) months immediately following a Change in Control, by the Company without Cause or by the Executive due to a Breach by the Company.
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CIC Vesting Date means the closing date of the transaction that will constitute a Change in Control.
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CIC Vesting Date shall have the meaning set forth in Section 2(c) hereof.
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Examples of CIC Vesting Date in a sentence

  • The Executive shall be entitled to the number of Xcelecom Performance Shares determined pursuant to this Section 6.2.2 even if the applicable CIC Vesting Date occurs prior to December 31, 2006.

  • The Executive shall be entitled to the number of UI Performance Shares determined pursuant to this Section 5.2.2 even if the applicable CIC Vesting Date occurs prior to December 31, 2006.

  • The Executive shall be entitled to the number of Performance Shares determined pursuant to this Section 4.2.2 even if the applicable CIC Vesting Date occurs prior to December 31, 2006.

  • In the event of accelerated vesting as described in this Section 4.a., but subject to the conditions and limitations described herein and subject to Section 5 of the Plan, the Company shall pay you a number of Shares equal to the number of Performance Units that vest in accordance with this Section 4.a. no later than sixty (60) days after the CIC Vesting Date; provided, that if such 60-day period straddles two of your taxable years, the payment shall be made in the later year.

  • In the event of accelerated vesting as described in this Section 4(a), but subject to Section 5 of the Plan and the conditions and limitations described herein, Entergy shall pay Grantee a number of Shares equal to the number of Restricted Units that vest in accordance with this Section 4(a) no later than sixty (60) days after the CIC Vesting Date; provided, that if such 60-day period straddles two of Grantee’s taxable years, the payment shall be made in the later year.

  • Upon the Regular Vesting Date, the CIC Vesting Date or the Time Vesting Date, as applicable, the Restricted Period shall expire and any unvested Performance Share Units will immediately be forfeited to the Company by the Participant for no consideration.

  • In the event of accelerated vesting as described in this Section 5(b), but subject to Section 5 of the Plan and the conditions and limitations described herein, Entergy shall pay Grantee a number of Shares equal to the number of Restricted Units that vest in accordance with this Section 5(b) no later than sixty (60) days after the CIC Vesting Date; provided, that if such 60-day period straddles two of Grantee’s taxable years, the payment shall be made in the later year.

  • If, prior to an IPO Vesting Date or the CIC Vesting Date, the Executive's employment with the Company is terminated either by the Executive or by the Company for any reason other than as set forth in Section 3(c), then following the date of such termination of employment no Restrictions shall lapse with respect to any Restricted Shares and no such Restricted Shares shall become vested.

  • Within 15 days following the applicable CIC Vesting Date, CBI shall distribute to you a cash payment equal to the portion of the Restricted Cash Amount in which you have become vested on the applicable CIC Vesting Date under this paragraph 5(a) (subject to all applicable tax withholding requirements).

  • The Executive shall be entitled to the number of Performance Shares determined pursuant to this Section 4.2.2 even if the applicable CIC Vesting Date occurs prior to the end of the Performance Period.

Related to CIC Vesting Date

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Vesting Event means the earliest to occur of the following events:

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Qualified Retirement means any termination of your employment with the Company Group that occurs on or after your 60th birthday, at a time when no member of the Company Group is entitled to discharge you for Cause, so long as you have served the Company Group continuously for at least the five-year period immediately preceding that termination.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • CIC Qualifying Termination means, in each case, on or within twenty-four (24) months following a Change in Control, (i) a termination of the Executive’s employment by the Company without Cause, (ii) a termination of the Executive’s employment by reason of death or Disability, or (iii) a termination of the Executive’s employment by the Executive for Good Reason.

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Fetal death means death prior to the complete expulsion or extraction from its mother of a product of human conception, irrespective of the duration of pregnancy, that is not an induced termination of pregnancy. The death is indicated by the fact that after such expulsion or extraction the fetus does not breathe or show any other evidence of life such as beating of the heart, pulsation of the umbilical cord or definite movement of the voluntary muscles.

  • Measurement Date has the meaning set forth in Section 3.3(a).

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Severance from Service Date means the earlier of: